Purchasing Power Parity Converted GDP Laspeyres per worker for Taiwan
RGDPLWTWA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,895.10
Year-over-Year Change
41.31%
Date Range
1/1/1951 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Taiwan measures the country's economic productivity and living standards relative to other nations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric represents the gross domestic product (GDP) per worker in Taiwan, adjusted for differences in purchasing power between countries. It provides a more accurate comparison of living standards and economic development across nations than using nominal exchange rates.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Taiwan's economic performance and competitiveness.
Key Facts
- Taiwan's GDP per worker was $59,700 in 2021.
- This metric has grown by over 50% since 2000.
- Taiwan ranks 18th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This metric measures Taiwan's gross domestic product (GDP) per worker, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of living standards and economic development in Taiwan relative to other nations than using nominal exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess Taiwan's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of around 1 year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Taiwan (RGDPLWTWA627NUPN), retrieved from FRED.